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Update Update: US FMs halt fall in EG spot prices
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HOUSTON (ICIS news)--Two US ethylene glycol (EG) producers have declared force majeure (FM) in the wake of Hurricane Gustav, a situation that has halted a decline in prices, market sources said on Friday.
MEGlobal and Shell Chemical have declared FM as a result of shutdowns and disruptions at their Louisiana plants, sources said. The companies could not immediately be reached for comment.
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